The Rokslide Stock Traders Thread

BBob

WKR
Joined
Jun 29, 2020
Messages
3,587
Location
Southern AZ
Looks like SPY and QQQ are shaping up to run on into next week. I'm thinking they aren't going to let SPY have that magic $400 quite yet but who knows. Russell is looking good, just running behind the other two. Wouldn't be unexpected to see a down day at some point before we hit our peaks in this cycle.
 

BBob

WKR
Joined
Jun 29, 2020
Messages
3,587
Location
Southern AZ
SPY, there we go! The magic $400. Will the bears smash it at some point today? Hardly a peep out of them at all so far.

Edit: SPY busts $400. Strong finish by all the majors end of day. Nasdaq is cranking with Russell and SP right behind. With the reports of the individual stim $$ headed into retail purchasing the Russell should get a good boost and keep moving. VIX is way down to 17.33, under 18 hasn't happened in over a year.
 
Last edited:

WRO

WKR
Joined
Nov 6, 2013
Messages
2,946
Location
Idaho
Looking strong today, Most of the guys I know are predicting a correction once spy breaks 400..
 

Okhotnik

WKR
Joined
Dec 8, 2018
Messages
2,192
Location
N ID
Picked 2 k shares of ATHX and 500 shares AQB 3 days ago. Should have bought more. probably sell if reach 15 per cent. short holds

VLDR hopefully won't stall this time. Around 13.30 seems to be sticking point. In at 11.72. I'll sell around 16 or 17. bumped up my stop order as this is speculative

still sitting on a lot of LPI. Be nice if returned to 2019 levels

Off til next Monday. Still think tech is in for a decent week we'll see. Looking at the infrastructure stim bill and possible winners. Doubt it passes in full though
 

BBob

WKR
Joined
Jun 29, 2020
Messages
3,587
Location
Southern AZ
Looking strong today, Most of the guys I know are predicting a correction once spy breaks 400..
SPY busted to $401.05 shortly into after hours so we're there. SPY also looks like it might run just a tad more next week to me. Not much if it does as it's nearish the top and will come down from this wave soon. Will things crater on the wave down? Hard to say. Nasdaq is nearing a peak just a touch behind the SP so it has some room and the Russell looks like it wants to run for a bit longer. If SPY decides to crash then those bets are off. I won't immediately mistake SPY coming down as a crash as it is expected to come down again soon. April traditionally is one of the strongest months and May one of the weakest so IMO we may have a short reprieve and we might get a bit more before things go totally haywire again.
 

EastMT

WKR
Joined
Dec 19, 2016
Messages
2,872
Location
Eastern Montana
SPY busted to $401.05 shortly into after hours so we're there. SPY also looks like it might run just a tad more next week to me. Not much if it does as it's nearish the top and will come down from this wave soon. Will things crater on the wave down? Hard to say. Nasdaq is nearing a peak just a touch behind the SP so it has some room and the Russell looks like it wants to run for a bit longer. If SPY decides to crash then those bets are off. I won't immediately mistake SPY coming down as a crash as it is expected to come down again soon. April traditionally is one of the strongest months and May one of the weakest so IMO we may have a short reprieve and we might get a bit more before things go totally haywire again.

8ca1416278f797371206f0b3bbf23ac2.jpg


Here’s the avg monthly gains for the last 70 years. Feb-Mar can be rough. I can see spy running up to 410 or so for this month if we keep the momentum. Towards the end of the month, be a little safer.

I’m getting ready to move back north, so I’m out of trading for a few months at least.


Sent from my iPhone using Tapatalk
 

007hunter

Lil-Rokslider
Joined
Feb 22, 2020
Messages
248
SPY busted to $401.05 shortly into after hours so we're there. SPY also looks like it might run just a tad more next week to me. Not much if it does as it's nearish the top and will come down from this wave soon. Will things crater on the wave down? Hard to say. Nasdaq is nearing a peak just a touch behind the SP so it has some room and the Russell looks like it wants to run for a bit longer. If SPY decides to crash then those bets are off. I won't immediately mistake SPY coming down as a crash as it is expected to come down again soon. April traditionally is one of the strongest months and May one of the weakest so IMO we may have a short reprieve and we might get a bit more before things go totally haywire again.

When you say “wave”, do you mean its near the top of channel?
 

BBob

WKR
Joined
Jun 29, 2020
Messages
3,587
Location
Southern AZ
When you say “wave”, do you mean its near the top of channel?
When I say top of wave I am saying it is getting close to reaching a top of a particular short run up and it will naturally head back down at some point so no I'm not saying we are nearing the end of a channel or anything like that just the top of the current short run up. The attached file is a snapshot of an annual chart on a daily time-frame. You can see the waves/oscillations I'm referring to.

I'll add that there are times like last Nov through January where the price didn't oscillate much but ran steadily up. Since January with the volatility we have had much larger oscillations but still trending up overall.
 

Attachments

  • SPY Wave.JPG
    SPY Wave.JPG
    69.4 KB · Views: 53
Last edited:

BBob

WKR
Joined
Jun 29, 2020
Messages
3,587
Location
Southern AZ
Something to note: Starting about mid December 2020 BTC decided it was joining the real world and would trend along with the major players. Here's a couple of charts (BTC & SPY) from Jan to now.
 

Attachments

  • BTC 01_25-04_02_21.JPG
    BTC 01_25-04_02_21.JPG
    145.1 KB · Views: 47
  • SPY 01_25-04_02_21.JPG
    SPY 01_25-04_02_21.JPG
    162 KB · Views: 47

BBob

WKR
Joined
Jun 29, 2020
Messages
3,587
Location
Southern AZ

Attachments

  • Friday April 2 Report.JPG
    Friday April 2 Report.JPG
    29 KB · Views: 50
Last edited:

jlh42581

WKR
Joined
Sep 24, 2013
Messages
301
Opened the monthly chart of crypto this morning and realized how stupid ive been to fight the market for a month when its done nothing but go up. DUMB
 

Rich M

WKR
Joined
Jun 14, 2017
Messages
5,100
Location
Orlando
Opened the monthly chart of crypto this morning and realized how stupid ive been to fight the market for a month when its done nothing but go up. DUMB

Easy to do. We get these things in our heads and can't see straight. I've been holding and waiting for the market to go down. LOL! Doof!
 

mvmnts

WKR
Joined
Feb 2, 2017
Messages
331
Location
Denver
If you're using Robinhood, you don't own bitcoin, you owe a bunch of IOU's. Completely negates one of the core benefits of bitcoin. Not to mention RH is shady as ****. I would avoid. Stick with Coinbase, Gemini, or Kraken.
 
Joined
Jan 13, 2015
Messages
804
Location
Veradale, Wa
If you're using Robinhood, you don't own bitcoin, you owe a bunch of IOU's. Completely negates one of the core benefits of bitcoin. Not to mention RH is shady as ****. I would avoid. Stick with Coinbase, Gemini, or Kraken.
Are you using bitcoin for anything but an investment? I own bitcoin in both and honestly don't care if it's an IOU or not. I'm not going to buy anything with it, just watch it grow and then sell when it stops
 
Top